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The latest update is out from Golden Rim Resources Ltd ( (AU:AS1) ).
Asara Resources Limited, an Australian company listed on the ASX under the ticker AS1, has announced the receipt of a USD$100,000 cash payment as part of its Option and Joint Venture Agreement with Teck Resources Chile Limitada. This agreement pertains to Asara’s Loreto Copper Project in Northern Chile, where Teck Chile has options to earn up to a 75% interest by making staged cash payments and investing in exploration. The recent payment follows the successful conclusion of litigation in Chile, which required Asara to sell a portion of its interest in the project to Costa Rica Dos SpA. The settlement allows Asara to retain the recent payment without remitting any portion to Costa Rica Dos.
More about Golden Rim Resources Ltd
Average Trading Volume: 1,268,597
Technical Sentiment Signal: Hold
Current Market Cap: A$64.97M
For a thorough assessment of AS1 stock, go to TipRanks’ Stock Analysis page.
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